OGE Energy Corp. (NYSE:OGE) Given Consensus Rating of “Hold” by Analysts

OGE Energy Corp. (NYSE:OGE) has been assigned a consensus rating of “Hold” from the four research firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $42.67.

A number of equities research analysts have recently weighed in on OGE shares. Evercore ISI raised shares of OGE Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $40.00 to $47.00 in a research note on Tuesday. Barclays boosted their price target on shares of OGE Energy from $39.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st.

OGE Energy Price Performance

OGE stock opened at $42.61 on Tuesday. The stock has a market cap of $8.56 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 3.64 and a beta of 0.77. The company has a 50 day simple moving average of $42.07 and a 200 day simple moving average of $40.44. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.51. OGE Energy has a 1 year low of $32.06 and a 1 year high of $44.41.

OGE Energy (NYSE:OGE) last posted its quarterly earnings data on Tuesday, November 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.03). OGE Energy had a return on equity of 8.59% and a net margin of 13.89%. The firm had revenue of $965.40 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. OGE Energy’s revenue for the quarter was up 2.1% compared to the same quarter last year. Research analysts anticipate that OGE Energy will post 2.16 EPS for the current fiscal year.

OGE Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be paid a $0.4213 dividend. This represents a $1.69 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Monday, January 6th. OGE Energy’s dividend payout ratio is currently 87.05%.

Insider Activity at OGE Energy

In other OGE Energy news, VP Cristina F. Mcquistion sold 5,008 shares of OGE Energy stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $42.84, for a total value of $214,542.72. Following the sale, the vice president now owns 20,918 shares of the company’s stock, valued at $896,127.12. The trade was a 19.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OGE Energy

Several large investors have recently modified their holdings of OGE. V Square Quantitative Management LLC bought a new stake in OGE Energy in the third quarter worth about $30,000. Kimelman & Baird LLC bought a new stake in shares of OGE Energy during the second quarter worth $38,000. Fortitude Family Office LLC purchased a new stake in shares of OGE Energy during the third quarter valued at $63,000. Wilmington Savings Fund Society FSB bought a new position in shares of OGE Energy in the third quarter worth about $134,000. Finally, Blue Trust Inc. boosted its position in OGE Energy by 45.1% in the 3rd quarter. Blue Trust Inc. now owns 3,978 shares of the utilities provider’s stock valued at $163,000 after buying an additional 1,236 shares during the period. Institutional investors own 71.84% of the company’s stock.

About OGE Energy

OGE Energy Corp., together with its subsidiaries, operates as an energy services provider in the United States. The company generates, transmits, distributes, and sells electric energy. In addition, it provides retail electric service to approximately 896,000 customers, which covers a service area of approximately 30,000 square miles in Oklahoma and western Arkansas; and owns and operates coal-fired, natural gas-fired, wind-powered, and solar-powered generating assets.